Loop Capital Raises Seagate Technology (NASDAQ:STX) Price Target to $800.00

Seagate Technology (NASDAQ:STX) had its price target lifted by equities research analysts at Loop Capital from $700.00 to $800.00 in a report released on Thursday,MarketScreener reports. The firm presently has a “buy” rating on the data storage provider’s stock. Loop Capital’s target price suggests a potential upside of 34.12% from the stock’s previous close.

Several other brokerages also recently issued reports on STX. China Renaissance upped their price objective on Seagate Technology from $325.00 to $452.00 and gave the company a “buy” rating in a research report on Thursday, January 15th. Rosenblatt Securities upped their price objective on Seagate Technology from $370.00 to $500.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Sanford C. Bernstein boosted their price objective on shares of Seagate Technology from $500.00 to $620.00 and gave the stock an “outperform” rating in a research note on Thursday, April 9th. Morgan Stanley raised their target price on Seagate Technology from $468.00 to $582.00 and gave the company an “overweight” rating in a report on Monday, April 6th. Finally, TD Cowen boosted their price objective on shares of Seagate Technology from $340.00 to $500.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Twenty investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $518.29.

Seagate Technology Stock Up 2.9%

Shares of STX opened at $596.49 on Thursday. The stock has a fifty day simple moving average of $434.69 and a two-hundred day simple moving average of $342.52. The company has a market capitalization of $130.08 billion, a PE ratio of 67.48, a price-to-earnings-growth ratio of 0.96 and a beta of 1.61. Seagate Technology has a 52-week low of $79.14 and a 52-week high of $607.89. The company has a quick ratio of 0.72, a current ratio of 1.12 and a debt-to-equity ratio of 7.63.

Seagate Technology (NASDAQ:STX) last posted its earnings results on Tuesday, January 27th. The data storage provider reported $3.11 EPS for the quarter, topping analysts’ consensus estimates of $2.77 by $0.34. Seagate Technology had a negative return on equity of 936.38% and a net margin of 19.59%.The company had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the previous year, the business earned $2.03 earnings per share. Seagate Technology’s quarterly revenue was up 21.5% compared to the same quarter last year. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. As a group, equities analysts forecast that Seagate Technology will post 12.13 EPS for the current year.

Insider Buying and Selling at Seagate Technology

In related news, EVP Kian Fatt Chong sold 5,846 shares of Seagate Technology stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $416.48, for a total transaction of $2,434,742.08. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO William D. Mosley sold 24,584 shares of the business’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $406.77, for a total value of $10,000,033.68. Following the sale, the chief executive officer directly owned 375,591 shares in the company, valued at $152,779,151.07. This trade represents a 6.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 112,223 shares of company stock valued at $46,711,217. Corporate insiders own 0.79% of the company’s stock.

Hedge Funds Weigh In On Seagate Technology

Large investors have recently made changes to their positions in the business. Cornerstone Wealth Group LLC boosted its position in shares of Seagate Technology by 0.5% in the first quarter. Cornerstone Wealth Group LLC now owns 3,542 shares of the data storage provider’s stock valued at $1,388,000 after acquiring an additional 19 shares during the period. Gateway Investment Advisers LLC grew its position in Seagate Technology by 1.8% during the fourth quarter. Gateway Investment Advisers LLC now owns 1,399 shares of the data storage provider’s stock worth $385,000 after buying an additional 25 shares in the last quarter. Trajan Wealth LLC increased its stake in Seagate Technology by 1.9% during the fourth quarter. Trajan Wealth LLC now owns 1,325 shares of the data storage provider’s stock valued at $365,000 after acquiring an additional 25 shares during the period. Fortis Capital Management LLC raised its holdings in Seagate Technology by 1.1% in the 4th quarter. Fortis Capital Management LLC now owns 2,557 shares of the data storage provider’s stock valued at $704,000 after acquiring an additional 27 shares in the last quarter. Finally, EWA LLC raised its holdings in Seagate Technology by 2.1% in the 4th quarter. EWA LLC now owns 1,370 shares of the data storage provider’s stock valued at $377,000 after acquiring an additional 28 shares in the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

Key Headlines Impacting Seagate Technology

Here are the key news stories impacting Seagate Technology this week:

• Positive Sentiment: Barclays upgraded STX to Overweight/Buy and raised its price target to $625, citing continued AI-driven HDD demand and room for another leg higher; this upgrade has been a major catalyst for investor optimism. Barclays Just Lifted Seagate Price Target From $425 to $625
• Positive Sentiment: Defiance launched a 2x single‑stock ETF (STXL) giving traders an easy way to take amplified bullish bets on Seagate, likely boosting short‑term volume and volatility. Defiance Launches STXL: 2X Leveraged ETF on Seagate Technology Holdings plc
• Positive Sentiment: Tradr also announced new 200% leveraged ETFs that include STX, further expanding leveraged products tied to Seagate and potentially increasing retail/trader flows. Tradr Launches Leveraged ETFs on AXTI, CPNG, MPWR and STX
• Positive Sentiment: Seagate unveiled new high-capacity consumer/prosumer storage aimed at AI-driven content, gaming and creator workflows — a product push that supports longer‑term revenue growth thesis tied to rising data needs. Seagate Unveils New Storage For The AI-Drive Consumer Data Explosion
• Positive Sentiment: Additional analyst support (UBS and other outlets) reiterated upward expectations and highlighted momentum after strong earnings and raised guidance, reinforcing buy-side conviction. Seagate Technology (NASDAQ:STX) Stock Price Expected to Rise, UBS Group Analyst Says
• Neutral Sentiment: Media features and commentators (including a mention on Jim Cramer’s show) are drawing attention to Seagate but are less directly catalytic than analyst upgrades or product launches. Cramer Names ‘The Stocks That Got Away’

Seagate Technology Company Profile

Seagate Technology (NASDAQ: STX) is a global data storage company that designs, manufactures and sells a broad range of storage products and systems. The firm’s product portfolio includes traditional hard disk drives (HDDs), solid-state drives (SSDs), hybrid storage devices and integrated storage systems aimed at enterprise, cloud, OEM and consumer markets. Seagate also provides services that support its hardware offerings, including data recovery and storage management solutions.

Seagate’s products are used in a wide array of applications, from large-scale data centers and cloud infrastructure to desktop and portable consumer devices.